On Nov. 20, the Department of Labor (DOL) released its Fall 2015 Regulatory Agenda, giving anticipated implementation dates for some rules that have been in their final stages for quite some time.
For instance, its Slips, Trips and Falls Final Rule is listed as being implemented in April 2016, and its controversial rule to raise the salary limit on the overtime-exempt status to $50,440 a year is slated for July 2016.
Its other controversial rule, this one on redefining fiduciary responsibilities for those who market retirement plans, says simply that “analyze comments” will take in December 2016.
If you own or operate a small to medium-sized business, managing all your employees plus meeting federal labor laws and regulations can be daunting, especially with new rules being issued all the time. To help you understand your rights and responsibilities in every facet of running a business, please order a copy of Personnel Concepts’ All-On-One HR Compliance Program for Small Businesses.